NXP Semiconductors (NASDAQ:NXPI) Stock Position Reduced by Swedbank AB

Swedbank AB decreased its stake in NXP Semiconductors (NASDAQ:NXPI) by 4.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 169,922 shares of the semiconductor provider’s stock after selling 7,649 shares during the quarter. Swedbank AB owned approximately 0.07% of NXP Semiconductors worth $35,318,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of NXPI. Algert Global LLC bought a new stake in shares of NXP Semiconductors in the 2nd quarter valued at approximately $331,000. NewEdge Advisors LLC raised its position in NXP Semiconductors by 50.7% during the second quarter. NewEdge Advisors LLC now owns 9,560 shares of the semiconductor provider’s stock valued at $2,572,000 after acquiring an additional 3,216 shares in the last quarter. Clearbridge Investments LLC lifted its stake in NXP Semiconductors by 24.5% in the second quarter. Clearbridge Investments LLC now owns 27,357 shares of the semiconductor provider’s stock valued at $7,361,000 after acquiring an additional 5,386 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in NXP Semiconductors in the second quarter worth approximately $7,142,000. Finally, Centaurus Financial Inc. acquired a new position in shares of NXP Semiconductors during the 2nd quarter worth $158,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Stock Down 0.8 %

Shares of NXPI stock opened at $211.39 on Friday. The stock has a market cap of $53.73 billion, a P/E ratio of 20.17, a price-to-earnings-growth ratio of 3.25 and a beta of 1.47. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60. The stock has a fifty day moving average price of $216.41 and a 200 day moving average price of $232.74. NXP Semiconductors has a one year low of $202.25 and a one year high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, beating the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. During the same period in the previous year, the business earned $3.31 EPS. The firm’s revenue was down 5.4% on a year-over-year basis. Analysts predict that NXP Semiconductors will post 11.33 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were issued a $1.014 dividend. The ex-dividend date was Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.92%. NXP Semiconductors’s payout ratio is presently 38.74%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on NXPI shares. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $270.00 price objective on shares of NXP Semiconductors in a research note on Monday, November 4th. Barclays reduced their price target on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Evercore ISI lowered their price objective on NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Morgan Stanley reduced their target price on NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating for the company in a report on Wednesday, November 6th. Finally, The Goldman Sachs Group upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating and lowered their price target for the company from $260.00 to $257.00 in a report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $270.85.

About NXP Semiconductors

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.